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    Property profile & analytics
    OFF-MARKET Estimated value $930,000
    Warehouses

    51531 Gratiot Ave, Chesterfield, MI 48051-2064

    4,128 SF 10.2 ac lot Built 1991
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-1226794
    Property summary
    AI-generated overview

    This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Chesterfield, Michigan. Strategically located at 51531 Gratiot Avenue, this property boasts high visibility due to its frontage along Gratiot Avenue and its proximity to 23 Mile Road. The site is currently vacant and zoned M-2, offering considerable flexibility for a range of commercial developments. A conceptual plan suggests potential for future storage facilities, though this is not a binding commitment. Access to the property is ensured via a shared curb cut along Gratiot Avenue, provided by the seller. The asking price is $799,000. This prime location in Macomb County, with its easy access to major thoroughfares, makes this land ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and zoning provide ample opportunity for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs alike. Detailed site plans and zoning information are available upon request. The property is situated behind the New Tidal Wave Auto Spa, providing additional visibility and potential synergy. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area. Don't miss out on this chance to secure a prime location for your next venture. The zip code is 48051.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1991
    Total area 4,128 SF
    Lot 10.2 ac (444,312 SF)
    Zoning code M2 GEN
    APN 15-09-17-326-007
    UPID US43-1226794
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Maple Leaf Landscaping, Inc. Landscaping General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $595k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $930k
    Owner & transaction history
    Twas Properties LLC · 3 yrs held
    Twas Properties LLC
    since 2023
    Last sale
    $1.3M
    2 recorded transactions
    2023
    $1.3M
    2022
    Zoning & alternative use
    M2 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $765,000 +175.7%
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